Fixed Rate Competitive Loan definition

Fixed Rate Competitive Loan means a Competitive Loan (either a Domestic Fixed Rate Competitive Loan or a Local Fixed Rate Competitive Loan) bearing interest at a fixed percentage rate per annum (expressed in the form of a decimal to no more than four decimal places) specified by the Lender making such Loan in its Competitive Bid.
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Fixed Rate Competitive Loan. Competitive Loans which bear a rate of interest equal to the Fixed Rate.
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Fixed Rate Competitive Loan means a Competitive Bid Loan designated as a Fixed Rate Competitive Loan in accordance with Section 2.3.
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Examples of Fixed Rate Competitive Loan in a sentence

  • No Fixed Rate Competitive Loan shall be requested or made pursuant to a Revolving Credit Borrowing Request.

  • The maturity date for each Fixed Rate Competitive Loan shall be not less than 14 days nor more than 180 days after the Borrowing Date therefor and the maturity date for each Index Rate Competitive Loan shall be not less than one month nor more than six months after the Borrowing Date therefor, and in any event shall be not later than the Termination Date.

  • The maturity date for each Fixed Rate Competitive Loan shall be not less than 14 days nor more than 180 days after the Borrowing Date therefor and the maturity date for each LIBOR Competitive Loan shall be not less than one month nor more than six months after the Borrowing Date therefor, and in any event shall be not later than the Termination Date.

  • Each Competitive Loan Quote by a Lender must be substantially in the form of Exhibit G and must be received by the Administrative Agent by telecopy, (i) in the case of a LIBOR Competitive Loan, not later than 9:30 a.m. three (3) Business Days before the proposed date of such Competitive Loan Borrowing and (ii) in the case of a Fixed Rate Competitive Loan, not later than 9:30 a.m. on the proposed date of such Competitive Loan Borrowing.

  • The maturity date for each Fixed Rate Competitive Loan shall be not less than 14 days nor more than 180 days after the Borrowing Date therefor and the maturity date for each Index Rate Competitive Loan shall be not less thanthe day ending one month nor more than, three or six months after the Borrowing Date therefor, and in any event shall be not later than the Termination Date.

  • Each Competitive Loan Quote by a Lender must be substantially in the form of Exhibit G hereto and must be received by the Administrative Agent by email or other electronic communication, (i) in the case of a Competitive SOFR Loan, not later than 9:30 a.m. three (3) Business Days before the proposed date of such Competitive Loan Borrowing and (ii) in the case of a Fixed Rate Competitive Loan, not later than 9:30 a.m. on the proposed date of such Competitive Loan Borrowing.

  • The Competitive Loan Maturity Date for each Fixed Rate Competitive Loan shall be not less than seven days nor more than 360 days after the Borrowing Date therefor and the Competitive Loan Maturity Date for each Index Rate Competitive Loan shall be one, two, three, six, nine or twelve months after the Borrowing Date therefor, and in any event shall be no later than the Termination Date.

  • Each Fixed Rate Competitive Loan shall bear interest at a rate per annum equal to the fixed rate of interest offered by the Lender making such Loan and accepted by Borrower pursuant to SECTION 2.3.


More Definitions of Fixed Rate Competitive Loan

Fixed Rate Competitive Loan a Competitive Loan bearing interest at a Fixed Rate.
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Fixed Rate Competitive Loan any Competitive Loan bearing interest at a fixed percentage rate per annum specified by the Lender making such Loan in its Competitive Bid.
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Fixed Rate Competitive Loan means any Competitive Loan bearing interest at a Fixed Rate in accordance with the provisions of Article II.
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Related to Fixed Rate Competitive Loan

  • Competitive Loan means a Loan made pursuant to Section 2.04.

  • Eurodollar Competitive Loan means any Competitive Loan bearing interest at a rate determined by reference to the LIBO Rate in accordance with the provisions of Article II.

  • Eurodollar Rate Committed Loan means a Committed Loan that bears interest at a rate based on the Eurodollar Rate.

  • Base Rate Committed Loan means a Committed Loan that is a Base Rate Loan.

  • Competitive Loan Exposure means, with respect to any Lender at any time, the aggregate principal amount of the outstanding Competitive Loans of such Lender.

  • Bid Loan has the meaning specified in Section 2.03(a).

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Fixed Rate Advances has the meaning specified in Section 2.03(a)(i).

  • Absolute Rate Loan means a Bid Loan that bears interest at a rate determined with reference to an Absolute Rate.

  • Money Market Absolute Rate Loan means a loan to be made by a Bank pursuant to an Absolute Rate Auction.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Fixed Rate Loans means Euro-Dollar Loans or Money Market Loans (excluding Money Market LIBOR Loans bearing interest at the Base Rate pursuant to Section 8.01(a)) or any combination of the foregoing.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Competitive Borrowing means a Borrowing consisting of a Competitive Loan or concurrent Competitive Loans from the Lender or Lenders whose Competitive Bids for such Borrowing have been accepted under the bidding procedure described in Section 2.03.

  • Competitive Bid Advance means an advance by a Lender to the Borrower as part of a Competitive Bid Borrowing resulting from the competitive bidding procedure described in Section 2.03 and refers to a Fixed Rate Advance or a LIBO Rate Advance.

  • Bid Rate Loan means a loan made by a Lender under Section 2.2.

  • Alternative Currency Term Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Competitive Bid Loan means a Competitive Bid LIBOR Loan or a Competitive Bid Absolute Rate Loan.

  • Eurocurrency Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

  • Index Rate Loan means a Loan or portion thereof bearing interest by reference to the Index Rate.

  • Floating Rate Advance means an Advance which, except as otherwise provided in Section 2.11, bears interest at the Floating Rate.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.